Winery continues fight to scrap wine equalisation tax

A winery in northern New South Wales says it may cut jobs and ties with the domestic market if the Federal Government’s wine equalisation tax (WET) reforms go ahead. The 2016 budget revealed the cap on the WET rebate will be lowered to $350,000 from July 1, 2017 and then to $290,000 from July 1, 2018. The reforms will also see tougher eligibility criteria for the rebate which has been welcomed by John Cassegrain, managing director of Cassegrain Wines.